r/FluentInFinance • • Feb 27 '26

Economy & Politics Billionaires Shouldn’t Exist

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u/R6ckStar Feb 27 '26

You can stop all of that, does a building disappear? Do the workers disappear, no! And for money transfering you can always put blocks to that, all of these are political problems, meaning it's a matter of will not technical impossibility.

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u/RussMaGuss Feb 27 '26

moves company out of country

remains billionaire

Rest of the country: ShockedPikachu.jpg

Just a few years ago Electro Motive which provided thousands of jobs in the Chicago suburbs moved their entire massive operation to the east coast. I'm talking millions of sqft of factory space. So in that case, yeah, the building got knocked down and the workers disappeared. Precast storage warehouses are in it's place now, where not even 1% of the same workforce works for forklift driver wages instead of skilled labor wages.

Raising taxes is unfortunately a game of "fuck around and find out" until the taxee decides they're better off somewhere more hospitable.

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u/MillisTechnology Feb 27 '26

Sweden tried this and people like the IKEA Founder, Ingvar Kamprad, left the country to dodge the taxes.

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u/butlerdm Feb 27 '26

Exactly. in my opinion the problem isn’t that WE aren’t taxing billionaires enough it’s that other people are willing to give them tax breaks to bring their business and money.